At the end of November 2022, world central banks purchased a total of 50 tons of gold. Official financial institutions, which purchased a total of 673 tons of precious metals last year, purchased most of the assets in the third quarter. reported On the World Gold Council (WGC) website.
“Central banks purchased 50 tons of pure gold in November, an increase of 47% compared to the previous month. The People’s Bank of China (PBOC) announced that it has renewed its official gold reserves for the first time since September 2019, increasing 32 tons in a month.
NBK, which purchased a total of approximately $1.8 billion in gold in November, became the sales leader of the central banks of Kazakhstan and Uzbekistan in the last month of autumn. One of the main buyers mentioned in the article was the currency regulators of Turkey and Kyrgyzstan.
On January 7, Bloomberg reported that the People’s Bank of China (PBOC) augmented Purchase volumes in December for the second month in a row. If in November the currency regulator bought 32 tons of precious metals, following the results of the first month of winter, NBK added another 30 tons to its holdings. Thus, at the beginning of 2023, the total gold volume in China was 2.01 thousand tons.